Global Power Semiconductors Market, by Material (Silicon carbide, GaN, Silicon), by Application (Industrial, Automotive, Aerospace, Military, Consumer electronics), by Component (Rectifier, Diode, Thyristor, Power MOSFET, Inverter) - Forecast 2023

Power semiconductors are semiconductor devices mainly used for switching and converting electricity, and controlling motors within the circuits of inverters/converters. Power semiconductors market witnessed a slight drop during the last few years. However market is to take up and up surge soon.

The growth of the power semiconductor market is directly dependent on the growth of the electronics industry. The boom witnessed in the electronics industry has boosted the sales of power semiconductors, and the trend is likely to perpetuate over the projection period. Additionally, the shift towards renewable energy coupled with a surge in demand for power generation is projected to catapult the power semiconductor market on an upward trajectory.

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The growth trajectory of the power semiconductor market is guided by the increasing demand from developing economies that have merged as potential markets. Other factors responsible for aiding the market proliferation are increasing disposable income, urbanization, industrialization, demand from the aerospace industry, etc.

Competitive Dashboard:

Some of the key players profiled in the report are Infineon Technologies AG (Germany), ST Microelectronics (Switzerland), Qualcomm Inc. (U.S.), Texas Instruments Inc. (U.S.), NXP semiconductor (Netherlands), Broadcom limited (U.S.), Toshiba Corporation (Japan), Fairchild Semiconductor (U.S.), Renesas electronic corporation (Japan), and Mitsubishi Electric Corporation (Japan).

Market Segmentation:

By component, the power semiconductor market has been segmented into thyristor, power MOSFET, diode, inverter, and rectifiers.

By material, the global power semiconductor market is segmented into silicon, Silicon Carbide (Sic), Gallium Nitride (GaN), gallium arsenide, and silicon germanium.

By application, the power semiconductor market has been segmented into industrial, automotive, aerospace, military, and consumer electronics.

Regional Analysis:

With Most of the integrators are located in China, Japan or Korea, Asia is still the destination of more than 75% of power products. The biggest integrators’ production lines are concentrated in China, with almost 40% of devices delivered to this country. Asia’s share is increasing as European integrators open new manufacturing lines in these “low – cost” manufacturing countries. The big names of the power electronics industry are historically from Japan. Their industry is very much vertically integrated, with a considerable part of devices sold in the local market in Japan.

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Asia-Pacific is expected to dominate the Global Power Semiconductor Market with the largest market share due to growing consumer electronics and automotive sector in the region, and therefore accounting for an astronomical amount and is expected to grow over multibillions USD by 2022.

Power Semiconductor Market in North America is expected to generate high growth rate of CAGR during 2016- 2022.

Europe is very dynamic as well with top players in traction, grid, PV inverters and motor control. The Europe market for Power Semiconductor Market is expected to grow at a considerable rate of CAGR (2016-2022).

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